PROPERTY TAX INCREASE IN MADEIRA 2017 

Effective 2017 Tax Year in Madeira Island, a single tax payer owning property/ies in Madeira totalling a patrimonial value over and above 600 000.00Euros will have to pay an aditional 0.7% (or 1 % if in excess of 1 Million Euros) in adition to the normal IMI annual tax in their area. If you are […]

IMI PROPERTY TAX RATE REDUCTION IN FUNCHAL, MADEIRA 2017 

The average IMI property tax rate in the 11 Municipalities in Madeira and Porto Santo has been 0.307%. None of the municipalities have opted to apply the maximum rate for 2016 year, 8 have opted for the minimum, Funchal being the most populated, presently charges 0.32%. Camara de Lobos charges the highest rate. Funchal’s municipality […]